It's not a coating. The electrode is made entirely out of platinum, copper, or iridium. It ablates over time.
On that note, wtf am I looking at? Is that ice crystals?
Seems terribly wasteful to use something as rare as platinum and especially iridium in sparkplugs if it is more than just a coating.
Yeah it is ice crystals. I pulled them in February because I was trying to figure out what had happened to the car. Had new plugs and new wires. Turned out it was the coils. I like to share that picture sometimes because its just so cool (to me) we have all seen how to read plugs pics in technical manuals, and then there is mine with flowering crystals that look like leaves.
The crystals lasted long enough for me to snap the photo with the phone then disappeared.